Srinagar: The CBI early Tuesday morning conducted raids at fourteen locations across Chennai including the residence of former Union minister P Chidambaram, reports said.
The CBI searches are in connection with foreign investments received by INX Media formerly owned by Peter Mukerjea.
A CBI team also raided the residence of P Chidambaram’s son Karti Chidambaram and searched at locations in Mumbai, Delhi and Gurugram, The Indian Express reported.
In April this year, the Enforcement Directorate issued a show-cause notice to Karti Chidambaram and a firm purportedly linked to him for alleged violation of the Foreign Exchange Management Act (FEMA). The violation is reportedly to the tune of Rs 45 crore.
The ED had then said it was also probing P Chidambaram for granting an FIPB approval in the Aircel-Maxis case.